How to Buy Bitcoin & Cryptocurrency In USA With Credit Card, Debit Card, Paypal & eWallets

This ‘How to Buy Bitcoin & Cryptocurrency In USA’ guide is meant for beginners and experienced traders. Looking to invest in cryptocurrency? We’ll tell you where to buy cryptocurrency in USA, point you to the best brokers and exchanges, and introduce you to secure payment methods like PayPal and credit cards.

Author: Edith Reads   -   Last updated: 19/03/2024
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When you are new to the world of crypto, this space may overwhelm you. Some factors that advanced traders consider a no-brainer like the crypto lingo, deciding on the right investment, coming up with a crypto portfolio, knowing whether crypto trading is legal in your state, the best bitcoin brokers and exchanges available, and sorting them out to find the best exchange to buy cryptocurrency; can prove to be such an overload.

In this post, we will be telling you everything you need to know about how to buy cryptocurrencies in the USA instantly. We will walk you through the universal simple buy process for most crypto exchanges and brokerages and highlight some of the reasons you too should join millions across the country who have already invested in cryptocurrencies.

Best 6 Exchanges & Brokers to Buy Cryptocurrency in the USA in 2024

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
BankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaYandex
Visit eToro

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Visit Coinbase

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  • Min Deposit: 5 $£€
  • Number of Coins: 60+
  • Private key encryption and 2FA
  • User-Friendly
  • Privacy protection
Visit uphold

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  • Min Deposit: 50 $£€
  • Number of Coins: 9+
  • Free deposits / withdrawals
  • High limits for buying bitcoins with a credit/debit card
  • Service available in many countries
Visit Coinmama

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Visit Kraken

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  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Visit Binance

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A Quick Three-Step Guide to Buying Cryptocurrencies Instantly in the USA

Step 1: Register with the Exchange

Start by identifying the best crypto trading platform. Create a Bitcoin investment account with them by completing the registration form provided and verify your identity by sending them a copy of your driver’s license. It takes a few minutes to create an account and a few days to have the identity verified.

Step 2: Deposit Funds

Log in to your verified crypto account and deposit funds. Most of the exchanges we will highlight below are quite versatile and process one of the widest range of payment methods from PayPal, eWallets like Skrill, credit/debit cards, ACH transfers, and bank wire.

They also have relatively low minimum deposits – starting from $15. They also have fast deposit/withdrawal processing times ranging from instantaneous to a few days.

Step 3: Buy Preferred Crypto Instantly

Once the funds reflect in your Bitcoin investing account, choose cryptocurrency, Bitcoins, or the rest of the altcoins that you would like to buy. Depending on the crypto exchange, click on the instant buy option, create a buy market order, or a limit order.

Decide on how much you want to spend and click to buy. The crypto assets purchased will be delivered to your exchange wallet from whence you can move them to a third-party hardware wallet (highly recommended) or wallet app.

Step One
Open A Free Account
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Step Two
Deposit Funds
BankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaYandex
Step Three
Buy Cryptocurrency
Buy Now

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What is a Cryptocurrency Exchange?

The crypto exchange is to the crypto investor what the Nasdaq or NYSE is to the stock trader – a platform where they can buy and sell and sell digital assets like Bitcoins and other cryptocurrencies. It is an online marketplace where you can buy and sell crypto with fiat or other cryptocurrencies.

Like the stock exchange, crypto exchanges have the singular role of linking crypto buyers to sellers and providing them with a platform where they can exchange their digital assets. Some have the instant buy option and sell cryptocurrencies to you directly while most let you enter into the market or limit orders to be filled by other buyers and sellers. For the troubles, the exchange maintains a transaction fee, either in the form of spreads or a brokerage commission.

Note that there are three types of exchanges available today:

Centralized exchanges

Centralized exchanges refer to digital crypto marketplaces created by an individual or group of individuals and have centralized management. They are government-like traditional companies and often have to be registered in the jurisdictions in which they operate either as financial companies or investment services providers. They are also the most common and readily available facilitating both fiat-to-crypto and crypto-to-crypto exchanges.

Decentralized exchanges

Commonly referred to as DEXs, decentralized exchanges are digital asset marketplaces that don’t have a central authority/governing body controlling their operations. In place of a management team, decentralized exchanges employ automated processes to match buyers and sellers.

Most decentralized exchanges are established on the Ethereum blockchain and Binance Smart Chain where they leverage the smart contract technology to facilitate the crypto exchange service. The lack of management and central authority translates to incredibly low transaction fees.

Note: Most are pure crypto exchanges and you will therefore need to exchange your fiat cash for supported crypto elsewhere before you can start buying and selling Bitcoins and altcoins here.

Hybrid exchanges

The hybrid crypto exchange combines the features of both centralized and decentralized exchanges. They seek to combine the liquidity and customer support functionality of the centralized exchange with the low fee and anonymity features of the decentralized exchange. It, therefore, refers to an exchange with a central governing body but still utilizes the smart contract technology in facilitating trades.

What is the Difference Between a Crypto Exchange and a Brokerage

Both the crypto exchanges and crypto brokerages are digital marketplaces where buyers and sellers meet to exchange digital assets like Bitcoins. But while crypto exchanges specialize in trading actual cryptocurrencies, most brokerages will only list crypto derivatives like CFDs or futures and options contracts.

How to Invest in Cryptocurrencies in the USA

Now that you understand how to buy crypto coins as well as the different types of exchanges from whence you can buy them, it’s time to look at the four most popular crypto investment strategies.

Buy and Hold

Buy and hold is a classic investment strategy that, as the name suggests, involves buying and holding on to virtual assets indefinitely. In this case, you are buying a cryptocurrency with the intent of holding on to it for a long time, possibly adding it to your retirement plan. It is informed by an unwavering faith in the cryptocurrency and the crypto industry and the conviction that the coin’s value will perpetually rise.

The biggest advantage of the buy and sell strategy is that it sets you up for massive gains when the coin’s value rises steadily, plus you get to avoid the risks that come with active trading. Its downfall, on the other hand, is that there is no guarantee that either the cryptocurrency or even the crypto industry is sustainable and that it won’t be crashed by legislation and negative publicity from the mainstream media.


Trading crypto in California or any other part of the country involves buying the digital currency at a low price and selling it for a premium when its price increases. You could choose to be a day trader who opens multiple traders throughout the day, scooping tiny profits with each order or a swing trader who buys a digital asset at a relatively low price (often at the base of a trend) and rides it for days or months to sell it at peak prices and before the trend reverses.

One of the key benefits of crypto trading is that there is potential for massive profitability when done right. Further, active traders are able to minimize their losses as they exit a position as soon as it starts making losses, unlike long-term investors who stand to lose big by working on the belief that a coin’s prices will always rebound. The biggest risk to crypt trading is posed by the crypto market’s unpredictability which makes it virtually impossible to correctly predict a coin’s next move.


After buying Bitcoins or other cryptocurrencies, you may choose to stake them with a Decentralized Finance (DeFi) app or program and earn interest or other crypto rewards. These apps and protocols then put your staked digital assets to use by lending them to other traders/investors or using them to confirm and verify transactions on Proof of Stake (PoS) blockchain networks. Different programs have different reward schemes and how much you make from crypto trading is typically dependent on how much you have invested and the program’s interest rates.

The primary advantage of staking Bitcoins and other crypto is that you could earn doubly – the interest from crypto staking and value appreciation of the cryptocurrency during the staking period. The downside to crypto staking is that most platforms don’t have fixed interest rates and the few that do have relatively interest rates. Further, there is limited transparency in the creation and running of these programs, which exposes investors to possible rug pull scams.


Mining lets you earn bitcoin and other cryptocurrencies when you contribute computing power towards verifying and confirming transactions on a blockchain network that uses the Proof of Work consensus algorithm. We place it here as one of the cryptos investing strategies because even though it doesn’t involve buying bitcoin and other cryptos, you will still need to invest significantly in mining hardware that lets you go solo or participate in a mining pool.

The advantage of mining is that you get to lay hands on highly valuable coins like Bitcoins for ‘free.’ Additionally you can easily shift from mining one crypto to another should its valid dip. The downside is that the investment capital needed to acquire mining hardware can be quite restrictive.

What are the Pros and Cons of Investing in Cryptocurrencies Today


  • Potential for massive gains: There is an overwhelming conviction that the value of Bitcoin and other cryptocurrencies will continue rising with some experts predicting that Bitcoin may reach $100,000 by 2025.
  • Reliable payment method and store of value: Cryptocurrencies provide you with a less bureaucratic, fast, and inexpensive payment method as well as an incorruptible store of value.
  • Easily accessible: Today, numerous crypto exchanges are operating in the country, which makes digital currencies rather accessible.
  • Inflation-proof investment: Bitcoin and most other cryptocurrencies, unlike the US dollar, are inflation-proof. While the dollar loses its value over time, Bitcoin’s value appreciates and some cryptocurrencies are even deflationary.
  • Semi-anonymous interstate cash transfers: Some cryptocurrencies make it possible for you to send and receive payments anonymously. Most, like Bitcoins, are semi-anonymous and guarantee a degree of anonymity when exchanging cash or value between individuals.


  • Potential for massive losses: Cryptocurrencies are risky investments whose volatility exposes you to possible massive losses.
  • The threat of government crackdown: China has already banned Bitcoin and other countries are cracking down on crypto exchanges. There is a fear that by banning cryptocurrencies and exchanges, governments may make them inaccessible which takes away their investment appeal.
  • High incidence of hacks and scams: There has also been a high incidence of hacks and crypto-related scams where investors lost all or significant capital, and this may discourage enthusiasts from getting into crypto trading/investing.
  • Poor store of value: Cryptocurrencies have been accused of being a poor store of value because of their untamed volatility and limited.

What Factors Should Investors Look for When Buying Digital Currencies in USA

Before looking at the 5 best exchanges to buy Bitcoin in the US, we first need to highlight some of the factors that every crypto investor must put into consideration when vetting crypto trading platforms.

  • Regulation: Check if your preferred exchange is registered with and regulated by the SEC. Confirm that they are authorized to operate in your State and that your fiat deposits into the exchange are insured by the FDIC.
  • Reputation: Look at the online reviews about the exchange from its current and past clients and use them to gauge the reliability and trustability of an exchange.
  • Liquidity and available assets: How many cryptocurrencies do the exchange list, how many trading pairs are available for each crypto asset, and how liquid is the platform? Confirm all these before creating a user account.
  • Level of customer service: Use the online reviews to check the availability, accessibility, and level of customer support offered by the exchange.
  • Safety & Security: Check if the exchange has ever been hacked, vet all the measures it has put in place in guaranteeing the safety of your personal data and the security of your digital assets. If the exchange has ever been hacked, vet their response to such a breach.
  • Total trading fees: Confirm all the trading and non-trading fees charged by the exchange and check the impact they have on your profitability.

Is it Legal to Buy Cryptocurrencies in the USA?

There has been a lot of talk about the Joe Biden administration looking to regulate the crypto industry in the country but nothing has been forthcoming yet. At the moment, there is no federal regulation relating to cryptocurrencies. Much of the control on how the citizenry interacts with Bitcoins and other cryptocurrencies have been to both the states and financial regulatory agencies ’ interpretation. And this explains the lack of a unified definition of what qualifies to be categorized as cryptocurrency, also known as digital assets, virtual currencies, digital tokens, or crypto.

The IRS for instance refers to cryptocurrencies as ‘Virtual Currencies’ and defines them as “a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value [and] does not have legal tender status in any jurisdiction.”

Alongside other federal agencies and policy-making institutions as the CFTC, FTC, FinCEN, and OCC, and the SEC, IRS has been quite receptive to the new technology. Most of these agencies have praised cryptocurrency technology and their approach has also been hugely positive thus far.

At the state level, state governments have taken hugely diverse approaches to crypto technology. Some have been hugely receptive to crypto and blockchain technology and are banking on it to help spur technology growth within their jurisdictions. Ohio, Colorado, Wyoming, and Oklahoma, for instance, have passed favorable crypto regulations that legitimize the use of crypto either as a medium of exchange or investment product. A few, like Iowa, have taken offense to the digital currencies and banned the use of crypto within their political borders.

In the rest of the states that haven’t pronounced their stand on the matter, crypto traders and investors are operating within the grey areas of the law.

How to Buy Bitcoin in US Guide

Today, crypto exchanges support a wide range of payment methods that you can use to buy cryptocurrencies. But before we look at the most common ways to buy Bitcoin in the US, we first need to highlight a few reasons why you too should consider investing in digital currencies.

Why Buy Bitcoin or Digital Currencies in the USA

According to a study by Cornerstone Advisors, 15% of American adults owned Bitcoin and other cryptocurrencies in 2020 with more than half of these having been acquired in the first half of the year. So, why should you also consider buying Bitcoin and crypto?

  • Performs independently of other markets: Unlike such traditional markets as stocks, real estate, government bonds, and the manufacturing sector whose performance is closely related, the crypto price performance is independent of other sectors of the economy.
  • Free of external influence: Unlike fiat currencies, digital currencies are inflation-proof (some are deflationary), and cannot be devalued by governments or confiscated.
  • Rapidly growing: Cryptocurrencies are a new and rapidly growing asset class whose infrastructure and value are in hyper-growth. You, therefore, stand to earn massively when the value of these cryptocurrencies eventually soars.
  • Absolute control over assets: Bitcoin is the only investment product that gives you absolute control over its ownership and use.
  • Adoption and increased use cases: A recent survey by HSB by Munich Re, concluded that more than 36% of SMBs in the US currently accept crypto. Large companies are also converting their cash reserves to Crypto and these have increased the use cases for digital currencies as a medium of exchange and store of value.

Now that you understand why you too should also be investing in cryptocurrencies, let us look at some of the most common ways of buying cryptocurrencies in San Francisco, Washington D.C, and across the country.

How to Buy with Crypto Credit/Debit Card in the USA

A 2020 consumer choice survey by the Federal Reserve Bank of Atlanta reported that 97% of consumers (Americans above the majority age) have owned one type of payment card. A majority of crypto exchanges available in the US, including eToro, process card deposits, which makes credit/debit cards payments one of the most popular ways of buying cryptocurrencies among traders/investors.

Most crypto trading platforms won’t impose a transaction processing fee for your deposits. Neither will they have a withdrawal-processing fee, save for eToro that charges $5 for every withdrawal. In this case, you only have to pay the variable payment processing fees charged by your card provider.

How to Buy Crypto with PayPal in the USA

There are two primary ways of buying Bitcoin with PayPal. The most straightforward involved logging in to your PayPal wallet and using your PayPal balance to buy supported cryptocurrencies like Bitcoin, Litecoin, and Ethereum, and Bitcoin Cash (Note that this is not available in Hawaii).

You could also choose to buy other cryptocurrencies with PayPal but on the crypto exchange. In this case, you will first need to identify an exchange that supports PayPal deposits, create an account and fund it using PayPal, and use this balance to buy Bitcoins. Most of these exchanges don’t charge a deposit or withdrawal processing fees.

How to Buy Crypto With eWallets (Apple Pay, Skrill, CashApp) in the USA

As is the case with PayPal, Skrill lets crypto enthusiasts in 37 states buy Bitcoin, Ethereum, Bitcoin Cash, and Litecoin (in collaboration with Coinbase). CashApp also lets crypto enthusiasts in virtually every part of the country buy and sell Bitcoins with their Cash App balances.

But in addition to buying virtual assets directly on these eWallets, you could also use them to deposit funds into an exchange where you could buy and interact with a wide range of cryptocurrencies. They too don’t attract deposit processing fees.

How to Buy Crypto with Bank (ACH and Wire transfer) in the USA

Most banks across the country will let you deposit funds into a crypto exchange account where you can buy cryptocurrencies. With ACH payments, both the deposits and withdrawals are almost instantaneous. But with wire transfers, you will have to wait for a few days (often between 3 and 7 days) before the funds reflect in your trading account. Unlike eWallets, cards, and PayPal payment methods, however, Bank deposits call for relatively higher minimum deposit amounts.

How to Buy Cryptocurrencies Anonymously in USA

Virtually all the registered and regulated exchanges in the country will require you to verify your identity before buying crypto, especially when making significant purchases. But there are a few ways through which you could buy Bitcoins anonymously in the US. The most common is making small purchases on a Bitcoin ATM. You can also buy Bitcoin anonymously on eToro, but the maximum you can deposit before verifying your identity is $2250.

How Much Do You Need to Start Trading Cryptocurrencies in USA

There is no standard limit on how much or how little you can invest in Bitcoin or any other cryptocurrency. Rather, how much you need to invest in these virtual assets is a personal decision and limits set by your preferred crypto exchange.

In most instances, the minimum investment amount will be determined by your preferred exchange. Binance and Coinbase, for instance, have set a minimum trading limit of $1 and $2 respectively. The maximum you can invest in Bitcoins will, on the other hand, be influenced by such factors as your crypto trading experience, disposable income at hand, risk tolerance, and crypto investment strategy.

Nevertheless, most crypto experts advise everyone to convert between 5% and 30% of their investment portfolio to digital assets.

Where Can You Buy Virtual Currencies in USA?

A 2019 study by YouGovAmerica concluded that more than 81% of Americans were familiar with at least one cryptocurrency and more than 75% had heard about Bitcoins. Accessibility to these cryptocurrencies has also improved tremendously in the recent past as more home-grown trading platforms launched and international ones established a local presence.

The most common crypto trading platforms where you could buy crypto in New York or Florida today include crypto exchanges, peer-to-peer crypto exchanges, and over-the-counter exchanges.

Crypto exchanges are often classified into fiat-to-crypto platforms that let you buy digital assets with the fiat currency (USD) and crypto-to-crypto exchanges where you can only buy one digital currency with another.

Peer-to-peer trading platforms allow you to buy/exchange digital assets from your peers in your city physically or online for interstate transactions, while over-the-counter exchanges let you buy cryptocurrencies outside of the highly regulated exchanges.

As is the case with virtually any other part of the world, you can buy actual crypto assets or trade their derivatives. Unlike most other jurisdictions, some crypto derivatives like CFDs are banned federally, implying that you can only trade such other derivatives as futures and options contracts and crypto Trusts.

Top 6 Exchanges to buy Cryptocurrency in the USA

Ready to buy some crypto? Let’s now look at some of the best exchanges to buy cryptocurrency in the US.

1. eToro.US – Best for Social Trading

Available Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

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eToro US screenshot

The eToro trading platform (eToro USA LLC) is an established crypto assets trading platform. It is best known for its social and copy trading features that let beginner investors earn as they earn and professionals earn a commission when they share winning investment strategies with the eToro community. The exchange has also been hailed for its highly intuitive trading platform, which is easy to interact with for both beginner and professional crypto investors.

Though eToro was established in 2007, it only started operations in the US in 2018. Here, it started as a Bitcoin exchange but has over time, welcomed more cryptocurrencies and currently lets you buy and sell 20+ of the most popular digital assets.
These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Bitcoin Cash (BCH), Chainlink (LINK), Uniswap (UNI), Stellar Lumens (XLM), Ethereum Classic (ETC), Iota (MIOTA), Dash (DASH), EOS (EOS), Neo (NEO), Binance Coin (BNB), Tron (TRX), Tezos (XTZ), Maker (MKR), Compound (COMP), Dogecoin (DOGE), Algorand (ALGO), Aave (AAVE), Decentraland (MANA), Yearn. Finance (YFI), Shuba Inu (SHIB), Spark (FLR), Polygon (MATIC), Basic Attention Token (BAT), and Enjin (ENJ).

As of October 2021, eToro crypto investing services are available in 45 States and is only restricted in New York, Hawaii, Minnesota, and Puerto Rico. Such interest groups as members of the US army are also prohibited from trading on the platform.

The account registration process on eToro is rather fast and straightforward and only requires minimal personal details and identity verification. The platform also maintains relatively low minimum deposit and trading limits, at $50 and $25, respectively. You also have the option of choosing between three crypto trading options, including trading on your own, copy trading (copying trading strategies for professional traders), and Copy portfolio (copying successful crypto portfolios traded on the exchange).

Other benefits of buying crypto assets on eToro include access to a wide range of educational content. You also have access to highly advanced trading, analysis, and risk management tools. Importantly, eToro your deposits of up to $250,000 are also insured with the FDIC.

What are the Pros and Cons of Buying Cryptocurrency on eToro.US?


  • Multiplatform trading: You get to choose between trading on the eToro web trader or the eToro iOS and Android apps.
  • Relatively low fees: eToro charges highly competitive crypto trading spreads of between 0.75% and 5% for crypt trades (0.1% for crypto-to-crypto conversions).
  • Multiple payment methods: eToro supports all the popular deposit and withdrawal methods including PayPal, Apple Pay, bank transfer, ACH, credit/debit cards.
  • Free wallet: eToro stores these virtual assets on behalf of traders in ultra-safe offline vaults, but you can also choose to store them in the non-custodial free eToro mobile wallet app provided by the exchange.


  • Biased customer service: Phone and live chat support services are only available to the premium eToro club members.
  • Limited crypto selection: One may consider the number of cryptocurrencies supported on the platform to be rather limiting.
  • No margin accounts: eToro doesn’t facilitate derivative trading and therefore doesn’t offer margined accounts.

2. Coinbase – Best for Beginners

Available Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

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Coinbase.US screenshot

Headquartered in San Francisco, California, Coinbase is one of the oldest and most reputable exchanges in the country. It is also one of the most accessible crypto exchanges seeing that it is available in all states, except Hawaii. It started as a Bitcoin-only trading platform but has over the last few years onboarded more than 50 other digital currencies and tokens.

Some of the most popular coins that you can buy and sell on Coinbase include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Bitcoin Cash (BCH), Ethereum Classic (ETC) and Cardno (ADA).

Visit our comprehensive Coinbase review to view all the cryptocurrencies supported on the exchange.

Currently one of the largest and most liquid crypto exchanges in the country, Coinbase was created in 2012 by Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader. Unlike most other exchanges that prefer self-regulation of the blockchain industry, Coinbase is pro-regulation and has subjected itself to oversight by such federal financial regulatory agencies as the SEC. This eased its nationwide acceptance and created the launchpad for its eventual listing with Nasdaq in April 2021, making it the only publicly traded crypto exchange in the world.

The process of creating a Bitcoin trading account on Coinbase is rather quick and straightforward. It is wholly only online and starts with completing a user registration form on the Coinbase website and verifying your identity. Once the account is approved, deposit a minimum of $1 via such supported deposit/withdrawal methods as PayPal, credit/debit cards, Bank Account (ACH), bank wire transfer, and Apple Pay.

The trading fees on Coinbase are highly variable and dependent on such factors as your preferred payment method, the order size, and other variables like liquidity and crypto market volatility.

Like eToro, Coinbase provides crypto custody services and stores digital assets on behalf of their clients (98% in cold wallets and 2% in insured hot wallets). But if you don’t want the company holding on to your virtual assets, you could use its free non-custodial mobile wallet app that encrypts the private keys and stores them in the root storage of your phone.

Note: On 24 August 2021, a lot of Coinbase mobile wallet app users reported that hackers had compromised their vaults and drained their cryptocurrency holdings.

What are the Pros and Cons of Buying Cryptocurrency on Coinbase


  • Simple user interface: Coinbase has earned a good reputation for having a beginner-friendly interface.
  • Secure: Coinbase describes its exchange as one of the most secure platforms seeing that it stores 98% of client digital assets offline and insures the 2% that remains in the hot wallets. Your deposits of up to $250,000 are insured with the FDIC.
  • Variety of Altcoins: Coinbase lets you buy and sell 50 of the most popular cryptocurrencies and tokens.
  • High liquid: Coinbase is one of the most liquid exchanges around and will fill even the largest cryptocurrency buy and sell orders fast.


  • Unsecure mobile wallet: Coinbase mobile wallet users have constantly complained of security breaches that lost then finds and Coinbase’s sluggish response to addressing these threats.

3. Uphold – Best for Product Diversity

Available Coins: 60+
Margin Trading: YES
Minimum Deposit: 5 $£€
Visit uphold

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The Uphold trading broker is an international digital money platform that allows you to store multiple currencies and cryptocurrencies, send money in real-time, and make exchanges between fiat and cryptocurrencies. They currently provide a debit card that is available to US residents which can be used globally (with various limitations) on any major credit/debit card accepting ATM or POS terminal.

Clients can choose between any of the 60 cryptocurrency assets available on the platform. They include;

  • Bitcoin (BTC)
  • Bithereum (BTH)
  • Dogecoin (DOGE)
  • Dash (DASH)
  • Aave (AAVE)
  • Polygon (MATIC)
  • Cardano (ADA)

The registration process with Uphold is a bit longer when compared to most exchanges. However, they don’t need any phone number verification. They don’t charge any fees for wire transfers but they will charge you around 3% or more depending on the type of cryptocurrency you are buying.

What are the Pros and Cons of Buying Cryptocurrency on Uphold


  • Great selection of tradable assets: Uphold platform has a great selection of altcoins + fiat currencies
  • Beginner-friendly platform: Uphold has a simple and interactive interface that will take you a few minutes to master how to use
  • No minimum investment amount: Uphold can purchase all the available assets fractionally


  • Less educational materials: Uphold has an unorganized educational section with very few materials compared to its competitors

4. Coinmama – Best for Fast Transactions

Available Coins: 9+
Margin Trading: No
Minimum Deposit: 50 $£€
Visit Coinmama

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Coinmama screenshot

Coinmama is less of a cryptocurrency exchange and more of an instant buying platform. Unlike the conventional exchange that will in most instances let you buy and sell cryptocurrencies from/to other crypto investors in an open crypto market, Coinmama sells cryptos directly to their clients.

Similarly, unlike in an exchange where you can sell the digital assets bought on that platform, Coinmama will only buy back Bitcoins, despite the fact that it supports 10 crypto assets. This implies that while you can buy Bitcoin, Bitcoin Cash, Ethereum, Cardano, Dogecoin, Ethereum Classic, Tezos, Litecoin, Chainlink, and Uniswap on Coinmama, the platform can only buy BTC from you. You need to join another exchange to sell any other coin bought on Coinmama.

Coimama maintains a rather straightforward account registration and verification process. There are four verification stages on the platform and your maximum crypto trade limits are determined by your verification stage. The minimum order amount, however, starts from $30 and some of the supported payment methods include bank cards, Apple Pay, Google Pay, and FedWire.

Coinmama doesn’t charge a deposit fee but maintains a fixed 5% transaction fee for all crypto purchases. Additionally, Coinmama doesn’t provide wallet services and will, therefore, ask that you first acquire a digital wallet before you initiate a buy order on the platform.

What are the Pros and Cons of Buying Cryptocurrency on Coinmama


  • Simple user interface: Coinmama features an easily navigable user interface and an even easier crypto buying process, both of which appeal to beginner and expert crypto traders.
  • High maximum trading limits: With a level 3 user verification badge on Coinmama, you are allowed to buy crypto worth $1 Million per month.
  • Range of payment methods: Coinmama supports a relatively extensive range of payment methods.


  • Higher fees: One may consider the 5% transaction charge by Coinmama to be rather high and restrictive.
  • No selling crypto: Unlike crypto exchanges that let you buy and sell cryptocurrencies on their platforms, Coinmama doesn’t let you sell these digital assets on their platform.

5. Kraken – Best for Cryptocurrency Security

Available Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

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Kraken Screenshot

Kraken’s website describes its platform as “one of the largest and oldest Bitcoin exchanges in the world.” It then goes on to list some of the factors that make it one of the best places to buy virtual currencies in the USA. These include excellent customer support, versatile funding options, and completive trading fees.

But these aren’t the only reasons we feature Kraken among what we consider the best cryptocurrency trading platforms. Key among these is the fact that it has never been hacked, despite having been around for more than a decade. We also appreciate its highly intuitive and beginner-friendly crypto trading platform and its extended list of 50+ supported cryptocurrencies.

Popular cryptocurrencies that you can buy and sell on Kraken include Bitcoin (BTC), Ripple (XRP), Litecoin (XRP), Ethereum (ETH), Bitcoin Cash (BCH), Polkadot (DOT), Monero (XMR), Dogecoin (DOGE), and Cardano (ADA).

The process of creating and verifying a user account on this platform is also quite straightforward. As is the case with Coinmama, Kraken maintains four verification stages that go a long way in determining your crypto trading limits. You can deposit a minimum of $1, and the supported payment methods are Bank ACH, bank cards, Swift, FedWire, SEN, and Etana Custody.

If you are using the Kraken instant buy platform, the exchange will charge you 0.9% if buying stable coins and 1.5% if buying any other cryptocurrency – in addition to the deposit charged by your payment processing company.

There is no deposit fee on Kraken and they charge a withdrawal fee that depends on the blockchain and currency (bitcoin withdrawals cost 0.0005 BTC and Ethereum withdrawals are free). Kraken also charges a 3.75% + €0.25 fee for credit and debit card payments.

Note that Kraken can store the digital assets on your behalf on your in their offline digital wallets. Unlike such other exchanges as Coinbase or eToro, Kraken does not offer personalized crypto storage services like mobile wallet apps.

What are the Pros and Cons of Buying Cryptocurrency on Kraken


  • Multi-platform: You can buy and sell crypto via either the Kraken web trading exchange or their highly innovative mobile app.
  • Dedicated customer support: Kraken maintains an easily accessible and highly responsive customer support team available 24/7 on social media, email, and live chat on the website.
  • Available in most US states: Kraken has established a nationwide presence and is available in virtually all states except Washington, New York, and Hawaii.
  • High trade maximums for verified accounts: There are no buying and selling limits for fully verified (PRO) Kraken accounts, which appeals to institutional crypto investors.


  • No wallet services: Kraken, unlike its crypto exchange peers, doesn’t provide users with a free off-exchange wallet service.
  • Slow verification: Kraken has also been accused of being relatively slow with account verification, especially when it comes to Intermediate and PRO accounts.

6. Binance.US – Best for Low Fees

Available Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

Binance.US screenshot

Although Binance launched crypto trading services in late 2017, Binance.US only started operations in September 2019. It set up a base in San Francisco, California, and went on to become one of the most popular and liquid exchanges in the country. In the two years that the exchange has been around it has extended its services to 43 U.S states.

It has expanded its reach and currently supports more than 50 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Binance Coin (BNB), Solana(SOL), Polygon (MATIC), Chainlink (LINK), and Uniswap (UNI).

Check out our comprehensive Binance review to view all the cryptocurrencies supported by the exchange.

Some of the factors that helped further its rapid expansion and acceptance include the company’s solid reputation, highly intuitive trading platforms (both web and phone), and the security guarantee seeing that Binance.US has never been compromised. Plus atop the $250,000 investor deposit provided by the FDIC, Binance.US covers all user accounts for up to $500,000 via their in-house insurance scheme.

But over and above these, we feature Binance.US here because of its ultra-low trading fees. The exchange maintains a highly transparent maker-taker fee structure where the transaction charge is dependent on your trading volume for the last 30 days. The fee for high-volume traders may drop to $0.1 and everyone is eligible for a 25% discount on fees if they settle this charge using BNB coins.

Importantly, Binance.US sped up the account registration and verification process and approves the account in the shortest time possible. The minimum deposit is set at $10 but you can start buying Bitcoins and cryptocurrencies with as little as $1 regardless. Supported payment methods include debit cards, bank ACH, bank wire transfer, and direct cryptocurrency deposits.

What are the Pros and Cons of Buying Cryptocurrency on Binance.US


  • Competitive fees: Binance maintains some of the most competitive crypto transaction fees and even lowers this further with a 25% discount for fees paid with BNB coins.
  • Intuitive trading platform: Binance.US maintains highly interactive web and mobile trading platforms that are easy to use for both beginner and expert traders.
  • Variety of cryptocurrencies: Binance.US offers 50 cryptocurrencies so traders can have multiple options when it comes to their favorite cryptocurrencies.
  • Deeply Liquid: Binance.US is a deeply liquid crypto trading platform and even the largest buy or sell orders fill fast.


  • Not available in all US states: Binance.US is not available in 7 US States – Connecticut, Idaho, Louisiana, Hawaii, New York, Texas, and Vermont.
  • Sluggish support: Binance.US has been accused of being lax in responding to inquiries and addressing customer complaints.

Alternatives Ways of Getting Cryptocurrencies in the USA

Cryptocurrency exchanges and instant-buy platforms present you with a straightforward way of acquiring Bitcoin and other digital currencies. But you don’t always have to buy digital assets. There are several other ways through which you can acquire cryptocurrencies and here are the four most common.

Crypto faucets

Faucets are websites and other online platforms that reward you with Bitcoins or other cryptocurrencies when you complete micro-tasks These tasks range from clicking on affiliate links, completing captcha, completing surveys and puzzles, watching videos, reviewing apps, or even playing online video games.


Bitcoin and most other cryptocurrencies using the proof of work consensus algorithms like Ethereum, Litecoin, Bitcoin Cash, Dogecoin, ZCash, Monero, and Ravencoin are minable. You get to earn free crypto when you contribute computing power to transaction verification and confirmation on their blockchain networks. To start mining these cryptocurrencies, however, you will need to start by investing in proper mining hardware – typically GPUs.

Gifts and tips

You could also get to own Bitcoins and other cryptocurrencies when you receive them as gifts or tips from friends, family, or acquaintances. Creatives and online service providers can also receive Bitcoin and other cryptocurrencies as tips when they add wallet addresses and crypto gift jars on their online platforms.

Accepting Bitcoin and other cryptos as payment

Another common alternative method of acquiring Bitcoins and other cryptocurrencies would be to start accepting these digital assets as payments for goods and services. Whether it is a one-time sale or you run a merchant store, you will easily receive payment in digital currency from the more than 14% of Americans who already own cryptocurrencies.

How Can You Use Cryptocurrencies in the USA?

Now that we have gone over the different ways through which you can acquire Bitcoins and other Cryptocurrencies exhaustively, it is now time to look at how you could put these virtual assets into use.

Pay for goods and services

At the moment, most small to medium enterprises in the country support Bitcoin and other crypto payments. The number of  Americans willing to accept Bitcoins and popular cryptos as payment for goods and services is also on a steady rise. After acquiring Bitcoins and crypto, you could choose to use them to pay for goods and services.

The number of not-for-profit and non-governmental institutions accepting Bitcoins and other cryptocurrency donations has also been on a steady rise. You, therefore, could help advance different humanitarian and environmental conservation causes by donating crypto to a charitable organization.

Trade cryptocurrencies

If you are looking to grow your wealth, you could simply start trading these cryptocurrencies. But as we explained earlier in this article, you first need to amass crypto trading experience by trading with virtual cash before you can start trading with real crypto coins.

Invest or Stake cryptocurrencies

You could also choose to grow your portfolio by investing in Bitcoin. And as we explained earlier in the article, you can simply buy and hold these digital assets in a secure hardware wallet. Alternatively, you could deposit this investment in a staking program within the DeFi environment and earn interest or other rewards.

What do Reddit & Quora Users Say About Buying Cryptocurrency in the USA


A lot of debates have sprouted around the state of cryptocurrencies in the United States. From the security of crypto investments, proposed crypto regulations by the Biden Administration, crypto exchange and other trading platform reviews, and the viability of crypto as a long-term investment, everything crypto is discussed here.

Cryptocurrency US Reddit

In some instances, news about developments within the crypto space that have gone on to have a significant impact on crypto markets has been broken on Reddit. Even the meme currency culture that led to the mass uptake of Dogecoins, and the popping up of equally meme-influenced tokens like Shiba Inu, Floki, and Baby Doge, that have gone to attain accumulate multi-billion dollar market capitalizations can be traced to US crypto investors/traders on Reddit.

American Reddit users have also played a key role in educating each other on how to maintain the security of their crypto investments. Here, they review different crypto wallets, and experts post about wallets everyone needs to avoid as well as emerging crypto scams and how to avoid them.


The discussions on Quora about the state of cryptocurrencies in the USA mirror much of what is discussed on Reddit. Nothing is out of topic on the platform as questions about every aspect of investing or investing in crypto assets are asked on the platform. From how to buy digital currencies in the USA to how to keep your crypto assets secure as well as queries about the legality of cryptocurrencies in the US.

Cryptocurrency USA Quora

At the moment, questions about the security of crypto coins in the USA dominate the platform. A large group of Quora users is also interested in dissecting the sustainability of cryptocurrencies in the country.

The responses to most of these questions are overwhelmingly helpful. You can also read a lot of optimism about the future of crypto in the US from these responses.

Bottom Line

There are numerous crypto trading platforms (from peer-to-peer networks, exchanges, and brokerages) where you can buy Bitcoin and cryptocurrencies in the USA. And in this post, we have highlighted what we consider the best Bitcoin exchanges for both beginners and professionals and institutional crypto investors.

We have also told you what factors you need to consider when choosing a crypto exchange platform and gone over some of the reasons you too would want to invest in cryptocurrencies.

If you still have found a good exchange for you, go through our features platforms again. Take note of their features, look at the Bitcoin buying process on each platform, check their deposit and trading minimums, look at their pros and cons, and then register with the one that appeals most to you.


Frequently Asked Questions (FAQs)

Yes, US citizens can buy cryptocurrency as long as they adhere to the specific guidelines and regulations set by the US government (if any). 

You can absolutely buy Bitcoin at a store in the USA! In fact, there are plenty of brick-and-mortar stores that now sell Bitcoin, as well as online exchanges that allow you to purchase Bitcoin with fiat currency.

At this time, most banks in the USA do not offer the option to directly purchase Bitcoin with USD from a bank account. However, there are a few exchanges that will let you link your bank account and trade Bitcoin.

The easiest way to buy Bitcoin in the US is through a reputable and user-friendly exchange like the ones listed above. These exchanges are regulated by the US government and have built up a good reputation over the years.

Answer: The best Bitcoin app in the USA is probably eToro. It has a clean and easy-to-use interface, it’s reliable and users have reported few problems with it. eToro is one of the most popular Bitcoin apps out there, and for good reason. It’s user-friendly, efficient, and reliable. It also allows users to buy and sell Bitcoins, as well as store them in a wallet on the app. 

There are a few ways to buy bitcoins, but for most people, the easiest way is to buy them through an online exchange. There are many different exchanges to choose from, but some of the most popular include the ones listed above. Each exchange has its own process for buying bitcoins, but they all generally involve creating an account and transferring money into it using a bank account or credit card. Once your account is funded, you can then use it to buy bitcoins on the open market.

If you want to buy bitcoins in the USA with a debit card, you first need to find a reputable bitcoin exchange that supports US customers. Once you’ve found an exchange, you’ll need to create an account and verify your identity. Once your account is verified, you’ll be able to deposit USD into your account and use it to buy bitcoins.

There is no minimum amount to invest in Bitcoin. However, some exchanges do have a minimum limit for deposits, and some investors recommend starting with at least $500 in order to ensure that your investment is protected against sharp market fluctuations.

The safest way to buy Bitcoin is through a regulated exchange like eToro. eToro is the largest and most well-known cryptocurrency exchange in the United States. They offer a platform for individuals to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

There are a few things to consider before getting started with cryptocurrency. First, you need to understand the technology behind it. Second, you need to understand the different types of cryptocurrency available. Lastly, you need to decide how you want to store and manage your cryptocoins.

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